Foundation, Incorporated, is comparing two different capital structures: an all$-$equity plan

$($Plan I$)$ and a levered plan $($Plan II$).$ Under Plan I, the company would have $185,000$

shares of stock outstanding. Under Plan II$,$ there would be $135,000$ shares of stock

outstanding and $$1\mathrm{.}92$ million in debt outstanding. The interest rate on the debt is $7$

percent and there are no taxes.

a$.$ Use M&M Proposition I to find the price per share. $($Do not round intermediate

calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the value of the firm under each of the two proposed plans? $($Do not round

intermediate calculations and round your answers to the nearest whole dollar

amount, e$.$g$.,32.)$

c$.$ what is the levered plan firm value